Tare builds software that lets loan originators, servicers and institutional investors work from one shared record for private-credit assets. Its three applications cover borrower decisioning, loan servicing and investor transactions. The Brooklyn company announced completion of a $13.25 million seed round on Wednesday to develop the system and open it to third parties. Its first disclosed deployment is Tare Credit, a consumer-lending subsidiary that the official launch release said would begin originating unsecured personal loans in the United States this month.
An originator can use Tare’s loan-origination system to apply its credit policy and write standardized loan information to the shared asset registry. The loan-management application is designed to manage payments, compliance, servicing and securitization. Tare says its investment hub lets institutions source and model portfolios, settle whole-loan trades and analyze, purchase, monitor or sell assets in whole-loan, warehouse or securitized form.
The financing closed in March, Fortune reported. Blockchain Capital led the round; Tare’s release also listed Strobe Ventures, Janus Henderson, Apollo Global Management, the Venture Dept, Neoclassic Capital and the Avalanche Foundation as participants. The company plans to spend the proceeds on product development and hiring, while Fortune reported that it also intends to obtain additional state licenses for Tare Credit. Tare did not disclose a valuation.
Fortune described nonbank lenders as frequently relying on separate providers to make and manage loans, maintain records, distribute payments and verify transactions. Tare’s alternative is to keep the operating record and investor-facing information on the same ledger. Customers can connect their existing systems to that ledger or adopt Tare’s integrated applications, giving the company a path into lenders that do not want to replace their full technology stack at once.
Tare’s materials give different snapshots of its subsidiary’s status. The official release said Tare Credit would begin originating loans this month, while a same-day company blog described the applications as powering a lender that originates them. The more specific launch timetable supports treating Tare Credit as a planned initial deployment, not as evidence that outside lenders or institutional investors already use the platform.
The round gives Tare resources to move from that initial deployment toward infrastructure used across separate firms. The business test is whether outside originators and investors will integrate their data and rely on the shared record for payments, compliance and transactions—work where accuracy, licensing and compatibility with existing systems will matter alongside the blockchain design.